IDC Worldsource Insurance Network has acquired the MGA business of Calgary-based Strategic Brokerage Services. The transaction also includes the business of SBS West, an associated firm located in Langley, British Columbia.
The trend of M&As continues in Canada. In the latest development, Financial Horizons Inc., a large MGA, announced the acquisition of another MGA, Audis Canada Ltd. The transaction is expected to close by October 31, 2012. It involves the purchase of 100% of the shares of Audis Canada by Financial Horizons in exchange for cash […]
The Agencies Regulation Committee (ARC) of the Canadian Council of Insurance Regulators (CCIR) recently submitted a position paper addressing potential MGA-related issues raised by the public and media.